Why is æternity so innovative?

æternity is the answer to current challenges in blockchain technology.

The design and implementation of æternity blockchain focus on making the execution of smart contracts safe, efficient and economic. æternity supports multiple virtual machines: a High Level VM that allows for blindingly fast and cheap contracts with a fixed execution cost; a Functional Typed Warded VM that is used to efficiently and safely execute contracts, written in the functional language Sophia; the Æternity-Ethereum VM that executes Solidity smart contracts to provide a simple way for migrating from Ethereum and more.

Smart Contracts

Consensus is achieved via a novel hybrid algorithm. The "Cuckoo Cycle" Proof-of-Work (PoW) is more power-efficient and indirectly useful, as it encourages the development of better dynamic random access memory (DRAM) chips. Proof-of-Stake (PoS) is used for governance, which is done via (delegated) voting, weighted by the amount of tokens each account holds.

Consensus

A network of state channels enables the exchange of value with anybody in the world in a trust-free way. Participants interact privately with each other. Businesses have their records off-chain and hidden from public sight. Participants can have infinite real-time transactions and handle use cases that require very high volumes of transactions.

What if the fulfillment of a smart contract depends on weather conditions, a share price, or other public information from the real world? Oracles can provide tamper-proof data upon which contracts can act. Election results, the prices of assets such as gold, weather conditions and many other real-world data play a crucial role for many business applications.

Oracles

æternity provides tools enabling participants to govern themselves effectively. It is essential to note that governance is very much a human problem that most likely cannot be "solved" by purely technical means. æternity's governance is implemented via delegated voting, weighted by the amount of tokens each account holds and provides technical tools to permit governance, as well as frameworks for human interaction and effective discussion.

Entities native to most blockchain systems are addressed or identified by their hashes, which are generally N-bit numbers displayed in a hex or base64/base58 notation, all of which are somewhat unfriendly to the humans trying to use these systems. Through its Naming System, æternity enables user-friendly identities and addresses, improving usability, reducing chances of misspelling identities and increasing the adoption of the platform.

Naming System

Privacy

For many business applications it's crucial to have transactions which are not recorded in public. Smart contracts executed in state channels touch the blockchain only in the case of disagreement, acting like a self-arbitrating crypto court.

Security

Low cost

By leveraging state channels as the default way to run smart contracts, æternity becomes the most efficient Turing-complete blockchain and thus enables new forms of commerce via its low cost transactions.

Overall, I think æternity shows much promise: the team is smart and well known in the space, their materials easy to understand and they eagerly listen to feedback.

Stephan Tual

The æternity ecosystem

Bridging the gap between technology and society.

Incubator Foundationæternity has spun off a foundation to support open-source developers, entrepreneurs and young businesses who build their projects on æternity.

æppsæternity will deliver essential open-source æpps with the launch of the platform. This brings use to the blockchain from day one. Read the æternity whitepaper to find out more about the applications.

Adoptionæternity puts an emphasis on web technology and features a mobile-first approach, to bring blockchain technology to the next level of widespread adoption.

Meetups and ConferencesWe are continuously organizing meetups and conferences for the community in numerous countries around the world. 你好 Hallå Здравствуйте Hola! こんにちは

EducationOn the technical side, æternity is beginning to provide workshops and tutorials, including those addressed to developers, to make the technology easily accessible. æternity supports both businesses and individuals who are interested in finding a fit for their use case.

Research & Academiaæternity is continuously researching the newest technological standards and continuously expanding cooperations with international research institutions, keeping the technology safe and up to date.

Establishmentæternity blockchain is bootstraped by æternity establishment and incorporated in the Principality of Liechtenstein. Ongoing communication with related regulatory institutions is key in keeping blockchain technology and the æternity project in legally safe waters.

Partnershipsæternity is bootstrapping partnerships in different sectors to bring blockchain technology into real world use.

æternity enables numerous use cases

Access æternity blockchain via the AE token.

Similarly to how mobile devices are currently dominating in the web, we expect that the average user will be accessing blockchain from her mobile device. That is why æternity places a strong emphasis on creating a platform that is very friendly towards developers of distributed apps or, as we call them, æpps. APIs, development tools, SDKs and support provided by the æternity team will help to bootstrap development of æpps that will create a vibrant ecosystem of distributed applications with use cases and business models beyond imagination.

How about crowdfunding using dominant assurance contracts? These specific smart contracts can be used to raise money for your projects and at the same time secure contributors against failure. If a project is unsuccessful, all participants get their contributions back.

Using an oracle, æternity can additionally ensure that the provider of the good or service only gets paid after delivery.

In the blockchain ecosystem gaming is a huge, steadily growing industry. The advantages are obvious. Users are in full control of their in-game transactions, which means fees are kept to a minimum with no intermediaries. A fraud resistant network and irreversible transactions provided by blockchain technology deliver trust-free and secure interactions.

From simple games to high-end eSports titles, with æternity, users can rely on secure and instant transactions, sit back, and enjoy their gameplay.

The payments market is highly competitive and at the same time offers countless innovation opportunities for streamlining today’s tangled and ineffective ecosystem.

Get ready for the next level thanks to æternity's unique way of handling transactions, by handling payments off-chain via state channels. Payments go through instantly, while retaining your privacy. You heard that right, instantly!

We are humæn

Crypto believers and true experts in each of their fields, who have taken on the challenge to build æternity.

Having exchanged ideas and pursued blockchain endeavors with many of the greatest minds, Yanislav is a true veteran of the blockchain space.

Back in 2013, the "Godfather of Ethereum" envisioned powerful algorithms on blockchains. Now, with æternity, a new version of his vision is becoming reality once more.

Yanislav Malahov

Founder

Enchanted by the blockchain space since 2014, Marion has specialized in connecting the dots between technology and the growing community. Researching socioeconomic impact, spreading the word and handling æternity's operations efficiently is where she thrives. Previously she worked in marketing & business development in Silicon Valley.

Marion Vogel

Director

As the founder of a publishing media company (Proud), a Restaurant (Beuster) and two tech start-ups (Dropspot and Abend - 30 employees), Emin has been an active entrepreneur since 2008. He is a C-level IT Product and Engineering Manager. Within the blockchain space he is an early adopter, an ex-Bitcoin miner and an investor in Ethereum. Emin is the product and operations manager for æternity blockchain.

Emin Mahrt

COO

As a multi-national Business Development Executive with experience working in Germany, Eastern Europe, MENA, and the Asia-Pacific region, Nikola is the go-to person for Strategy and Business Development. He has developed and consulted numerous international projects over the past decade and he remains fascinated by the unlimited possibilities of blockchain technologies.

Nikola Stojanow

CBDO

Sergei Evdokimov has studied Math and Cryptography. He got his PhD. in Berlin, researching the area of provable security. Before joining æternity he was working as an IT Architect, designing distributed systems to manage the medical records of millions of patients and building scalable AI-based recommendation systems for major publishers. He remains connected to academia by teaching university-level Security and Data Science cources.

Sergei Evdokimov, PhD

Core Team Manager

Erik has been programming for fun since 1980 and for profit since 1989, when he started his first development company. Erik was one of the driving forces behind the the "High Performance Erlang project" (HiPE) since it started in 1996. In his PhD work he implemented an efficient native code compiler, compiling from the Erlang VM BEAM code to native machine code. Erik built up the Engineering Department at Klarna from scratch. In his limited spare time, he is writing a book about the Erlang Runtime system.

Erik Stenman, PhD

Erlang Developer

Thomas is a senior scientist and Erlang expert. He worked together with Joe Armstrong, the inventor of Erlang, at the Ericsson Computer Science Lab in the 90's. He possesses more than 20 years of experience in programming Erlang, as well as a strong scientific grounding, accompanied by an understanding of scientific papers in theoretical computer science. Thomas has the ability to translate scientific theory into practical applications. He is one of the main developers of the QuickCheck testing tool.

Thomas Arts, PhD

Erlang Developer

Hans has more than 15 years experience in Erlang programming. He is the author of multiple libraries with concurrency as the unifying theme. He holds a PhD in testing leader election protocols. Hans is an Expert in model checking concurrent programs. He implemented CAN and LIN protocols. He is a QuickCheck expert: Tested SSL, Riak, automotive protocols, telecom protocols and distributed systems. He implemented semantics of Erlang and knows the VM corners.

Hans Svensson, PhD

Erlang Developer

Ulf is an expert programmer and the brain behind the Agda programming language. He has more than ten years experience in Erlang. Ulf implemented several challenging parts of QuickCheck and tested Riak, Ejabberd, TCP/IP, Sidejob as well as distributed systems deemed difficult to test. He holds a PhD in Computer Science and is an expert in understanding complex scientific papers and implementing their concepts in any programming language.

Ulf Norell, PhD

Erlang Developer

Hughes received his PhD from the University of Oxford for the thesis "The Design and Implementation of Programming Languages" in 1984. Hughes is a member of the Functional Programming group at Chalmers. He does research in the field of programming languages and is the author of many influential research papers on the subject, including "Why Functional Programming Matters". Hughes is one of the developers of QuickCheck, as well as cofounder and CEO of QuviQ.

John Hughes, PhD

Erlang Developer

Sascha began programming 20 years ago and has spent the last 10 years working as a software engineer and lead architect. He was introduced to Bitcoin in 2011 and was immediately captivated by the diverse range of fields converging in blockchain technology. He has been absorbing as much knowledge as possible about blockchains and decentralized systems ever since.

Sascha Hanse

Lead Engineer

Michal is a hands-on engineer with a track record in the hottest projects of the past few years. He has been responsible for the architecture, scalability and performance in systems behind RTB markets, Mobile Chat apps, and IoT systems that run for hundreds of millions customers. He supports the effort of using Erlang technology to deliver a state-of-the-art blockchain.

Michal Zajda

Erlang Architect

Phillipp is a long-time blockchain enthusiast and software developer. He loves bringing his passion and knowledge into developing scalable and innovative solutions, as well as educating others about blockchain technology.

Philipp Piwowarsky

Blockchain Engineer

Robert represents a major addition to the æternity team, having worked for the past 7 years as a Senior Systems Architect with Erlang Solutions Ltd. Robert has a rich history of being at the forefront of cutting edge technology and research, as co-inventor of the Erlang language and as one of the original members of the Ericsson Computer Science Lab. As a Systems Engineer at the Swedish Defence Materiel Administration (FMV) Modelling and Simulations Group, he is a regular contributor in the academic arena.

Robert Virding

Erlang Developer

Ulf Wiger became one of the first commercial users of Erlang when he bought a license in 1993. In 1996, he joined Ericsson and became Chief Designer of the AXD 301 development, arguably the most complex system ever built in Erlang. In recent years, Ulf has been involved in products based on the AXD 301 architecture, and has been an active member of the Open Source Erlang community. In February 2009 he became CTO of Erlang Solutions. He is currently working on the æternity blockchain.

Ulf Wiger

Erlang Developer

Tobias is an Erlang expert with experience ranging from architecting and implementing large scale, high-availability systems to deep diving in the Erlang language implementation. Formerly a researcher in programming language design and static analysis, at Klarna, Tobias pushed the boundaries of what an Erlang system can do to keep up with extreme growth. Tobias is a member of the core development team, implementing the Ethereum VM in Erlang to run Solidity contracts on the æternity blockchain.

Tobias Lindahl

Erlang Developer

Luca is a practical engineer keen on developing distributed software solutions that work. Leveraging his focus on automated acceptance testing and his attention to detail, at Erlang Solutions, he has contributed to the successful delivery of two financial payments systems.

Luca Favatella

Erlang Developer

Dimitar is a software engineer with a variety of interests. He has implemented the back-end of a MOBA game, IoT devices, and software for banking institutions. He has witnessed the revenue-generating machine from the inside and loves blockchain technology for its potential to disrupt and democratize finance.

Dimitar Ivanov

Erlang Developer

Digital marketing analyst and Bitcoin entrepreneur. Founder of BitHope.org, CryptoCrowd.org, and Bitcoin/Blockchain meetup in Sofia, Bulgaria. Co-Founder of the Bulgarian Bitcoin Association and the first website for bitcoin exchange in the country. Fascinated by technology, Bitcoin, blockchains and the future. Member of MENSA.

Vladislav Dramaliev

Marketing & Community

Founder of the design & development studio Ape Unit. In the past, Emil has realized app and web-app projects for companies like Sony, Telefonica, VW and Montblanc. He is thrilled by the opportunity to make blockchain technology accessible for everyone and is creating the foundation for new business models and applications based on the disruptive potential of the æternity blockchain.

Emil Wagner

æpps Lead

Ray is a UX/UI Designer at Ape Unit in Berlin. Ray worked for several digital agencies in Amsterdam & Rotterdam, before finding his home in Berlin. He is part of the æternity æpps team, focusing on translating complex user stories into clear and intuitive designs.

Ray Jacobs

æpp UX/UI Designer

Stoyan is a seasoned entrepreneur, whose specialty lies at the intersection of technology, design, and business. To date he has co-founded 4 startups, led his own digital agency for 5 years in NYC, and held roles as Director of Technology, Product Lead, and CTO. Having worked on projects in San Francisco, New York, Los Angeles, and Berlin, Stoyan was lured by the disruptive potential of blockchain technology and its implications for globalization.

Stoyan Vasilev

Design Consultant

Shaleah specializes in content optimization and branding development for small international businesses. She has spent the past 8 years bringing services, products and ideas into fruition. Although new to the blockchain sphere, she is excited to push the boundaries of innovation and lend her content & word-smithing abilities to the æternity team.

Shaleah Dawnyel

Content

Alessandro De Carli is a mobile security engineer with years of experience in the financial industry. He discovered the world of crypto during his master's thesis in the area of state channels and micropayment protocols. He felt the pain of scalability during the implementation of a micropayment wallet and is excited about the potential of a scalable general-purpose blockchain. Alessandro is CEO and founder of a Swiss software engineering company and is contributing to æternity as a technical blockchain advisor.

Alessandro De Carli

Technical Blockchain Advisor

Mister John Newby has been working with the internet since the mid-90s. Initially as a programmer, then as technical director of BeatThatQuote.com, until its sale to Google. After leaving Google, John formed LShift Berlin, which was sold to Oliver Wyman. In his time, John has coded in C, C++, Perl, Java, Ruby, Visual Basic, PHP, and more. John is now taking care of æternity's developer tools and needs.

John Newby

æpp Developer

With more than 10 years of professional development experience, Dincho has proved his skills as a full-stack engineer and a lead for projects of various scales. He is currently finishing his master's degree in software engineering and teaching at a local university. His enthusiasm for cryptography brought him to æternity and because he's been doing automation since before it was all the rage, it is his main responsibility at æternity.

Dincho Todorov

Devop

Vanessa is a systems engineer and software developer, with an IT background
and extensive knowledge in database development. Vanessa dove into the world of Blockchain in 2016. She is fascinated by the multitude of possible applications for blockchain technology across industries and borders. Currently her focus is in promoting and spreading the word, in support of future mass adoption.

Vanessa Guzmán

Hispanic Community Manager

Jennifer Choi

Marketing Operations

Jantine Derksen

Communication Strategy

Erik Vollstädt

æmbassador Manager

Mattia Martinez

HoB Manager

As a graduate of King's College London, in International Relations, Yoanna has an insightful perspective on global political and economic developments. She is fascinated by the significant potential of blockchain technology to disrupt, decentralize and democratize the existing governance structures in the public and private sectors. Yoanna is ensuring the smooth day-to-day operations of æternity by helping with strategy and business development.

Yoanna Boncheva

Operations

Nicholas has been involved in blockchain technology since early 2015 and has an extensive IT background, including DNS and hosting at domain.com. He worked in product support for Zenefits, the fastest growing startup out of San Francisco in 2015. Nicholas is currently studying Computer Science and doing product ops, as well as client support at HomeLight, the world's best search engine for real estate agents.

Nicholas Higgins

Community Manager

Tina Miao

Asia Pacific Regional Manager

Anton has a background in Theoretical Physics and extensive experience in IT. He is the Head of the Computer Science Laboratory at IAPS and has a wide range of interests in Informatics and Physics.

Anton Andonov

Developer

Nedelcho Delchev is a Junior Developer who has recently discovered the world of Elixir and Functional Programming. He has contributed to the Eclipse Open Source project and holds interests in Web Development, as well as in developing a Data-Centric Domain-Specific Language. Ever since discovering blockchain and the world of Decentralized Applications, he has been keen on mastering their fundamental building blocks.

Nedelcho Delchev

Developer

Bozhidar Nikolov is a Junior Developer, with experience in Web Development. He has taken part in the Eclipse Open Source project, as well as in developing a Data-Centric Domain-Specific Language. He is new to the field of blockchain development and very enthusiastic about it.

Bozhidar Nikolov

Developer

Dimitar Velev is currently a Software Engineering student, with a broad range of interests beyond Software Development, including 3D and motion graphic design, as well as blockchain technology. As part of the Elixir team, he's motivated to offer new ideas which can help the team deliver the blockchain that fulfills the æternity vision.

Dimitar Velev

Developer

Daniela Ivanova has been working as an Erlang/Elixir developer in Quanterall Ltd since 2016. She is keenly interested in Functional Programming, Blockchain, Distributed Systems, IoT and Software Design.

Daniela Ivanova

Developer

Samir Barguti is a Front-end Developer. He studies Computer Science at Varna Free University. His interests lie in the area of UX/UI, Elixir & Front-end stack Programming.

Samir Barguti

Developer

Hristian Hristov is 19 years old, has graduated from the "High School of Mathematics" and is currently studying Automation Engineering at the Technical University of Varna. His interests are in Automation, IoT and Programming, particularly in Elixir and Python.

Hristian Hristov

Developer

Ivan Todorov has been working at Quanterall Ltd since 2015 as an Erlang/Elixir Back-end Developer. His main interests are in IoT and Blockchain technologies.

Ivan Todorov

Developer

Kristian Kirov is an Electrical Engineer, making robust electronics. He is interested in universal principles of scalability and is focused on implementing them into applications that make life easier.

Kristian Kirov

Developer

Nikolay Kolev is a Hardware Engineer and the Head of the Hardware Team at Quanterall. His main contribution to æternity is related to developing and validating a Hardware Wallet Prototype. The range of his interests spreads Computer Hardware, Hardware Diagnostics, Hardware Architecture, Electronics Hardware Design, Network Hardware, Wireless Engineering, and much more.

Nikolay Kolev

Developer

Radostin Dimitrov has been working with Erlang for 2 years.He designed and implemented scalable solutions for IoT and banking software. He is interested in IoT/ Hardware, Programming/Scripting on Linux-bash, Block technology, Cryptography and Cybersecurity.
He considers himself as a seeker of mathematical models, an adventurer, an experimentalist and a rebuilder (once everything has collapsed). He also believes in: Those in a hurry do not arrive. Slowly, but surely. Always do right.

Radostin Dimitrov

Developer

Georgi Spasov is a Junior Elixir Developer with a background in software development for Android as well as with Java for IoT solutions. Even though he is still new to the blockchain scene he is very excited about working with this technology.

Georgi Spasov

Developer

Artur Kratt is an Elixir Developer, currently studying the blockchain and associated
technologies. Arthur believes blockchain innovation is the future of money and economics
and is quickly growing his understanding of and engagement with the field.

Artur Kratt

Developer

Founding partner of FinTech Blockchain Group, Vincent is an expert on digital currency trading and an active investor in the blockchain industry. As an early adopter of blockchain technology and a KOL in China’s crypto community, Vincent is advising the æternity team on China strategy.

Vincent Zhou

China Advisor

Steve Dakh

CRYPTO TECH ADVISOR

Board Games and Artificial Intelligence, Algorithms, Complexity, Algorithmic Information Theory, Distributed Computing, Computational biology and what not.
Recently he has been designing a new Proof-of-Work system called "Cuckoo Cycle", which æternity blockchain will be using. John is advising the æternity team on the integration of the "Cuckoo Cycle" mining algorithm.

John Tromp

ADVISOR ON PoW "CUCKOO CYCLE"

Dominic is (technically) a BAFTA Award nominee, (technically) Italian, but definitely an industry expert in horizontal scalability, parallel executions, functional programming and distributed data consistency. Dominic has designed and developed the SenseGraph Natural Language Processing (NLP) system and contributed to its scientific advancement since 2004. He's currently a Technical Lead and Scalability Architect at Erlang Solutions.

Dominic Perini

Technical Lead and Scalability Architect

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